Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Conduit Pharmaceuticals Inc (NASDAQ: CDT) closed the day trading at $1.80 down -18.18% from the previous closing price of $2.20. In other words, the price has decreased by -$18.18 from its previous closing price. On the day, 0.66 million shares were traded.
Ratios:
For a better understanding of CDT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.12 and its Current Ratio is at 0.12.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 03 ’24 when Nirland Ltd sold 1,500,000 shares for $0.10 per share. The transaction valued at 156,450 led to the insider holds 8,400,000 shares of the business.
Nirland Ltd sold 1,368,991 shares of CDT for $140,458 on Oct 04 ’24. The 10% Owner now owns 7,031,009 shares after completing the transaction at $0.10 per share. On Oct 07 ’24, another insider, Nirland Ltd, who serves as the 10% Owner of the company, sold 939,009 shares for $0.10 each. As a result, the insider received 96,530 and left with 6,092,000 shares of the company.
Stock Price History:
Over the past 52 weeks, CDT has reached a high of $392.00, while it has fallen to a 52-week low of $2.16. The 50-Day Moving Average of the stock is -75.67%, while the 200-Day Moving Average is calculated to be -97.65%.
Shares Statistics:
A total of 0.96M shares are outstanding, with a floating share count of 0.59M. Insiders hold about 50.93% of the company’s shares, while institutions hold 4.37% stake in the company.
